The Internet of Things is a technological model based on two main assumptions: each physical object (the Things) can be implemented with some kind of technology and thus turned into a smart object connected to the internet, often with a wireless connection.
These smart connected objects make up a widespread network and the information and data that they provide are available thanks to and through this network. The IoT makes these data available to third parties which can handle, manipulate, process, enrich and
use them in order to create new value. IoT sensors and connectivity allow the interconnection and integration of physical objects: real economy items create valuable data and information thanks to the technology they are provided with. By adopting this new model, it is possible to create new services and new business models. The IoT is, ultimately, an ecosystem of hardware and software technologies (and of the related services) the integration of which modifies and/or increases the functions of the physical object: the IoT is a technological model and the IoT market is a technological market, gathering under one all-encompassing label, several different technologies. Ericsson, one of the worldwide leading companies providing telecommunications equipment and services, forecast there will be around 29 billion connected devices by 2022.